410 Shares in GE Vernova Inc. $GEV Bought by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 410 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently added to or reduced their stakes in GEV. Brighton Jones LLC boosted its position in GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the period. Farther Finance Advisors LLC boosted its position in GE Vernova by 13.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,113 shares of the company’s stock valued at $1,298,000 after buying an additional 473 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in GE Vernova by 2.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,298 shares of the company’s stock valued at $1,007,000 after buying an additional 83 shares during the last quarter. GAMMA Investing LLC boosted its position in GE Vernova by 8.4% in the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock valued at $2,142,000 after buying an additional 542 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its position in GE Vernova by 10.4% in the 1st quarter. Integrated Advisors Network LLC now owns 1,531 shares of the company’s stock valued at $467,000 after buying an additional 144 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on GEV shares. TD Cowen upped their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a research report on Friday, July 25th. UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a “buy” rating and a $614.00 price objective for the company. Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. Citigroup upped their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $598.50.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

GE Vernova Stock Performance

Shares of GEV stock opened at $606.30 on Friday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company’s 50-day simple moving average is $619.64 and its 200-day simple moving average is $508.47. The stock has a market capitalization of $165.05 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 4.61 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter last year, the company posted $4.65 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is 24.10%.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.